French President Emmanuel Macron delivers a speech in Quimper, France, June 21, 2018. (REUTERS/Stephane Mahe)
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French business morale fell to its lowest since Emmanuel Macron became president in May 2017, suggesting an uncertain global trade outlook and higher oil prices may be offsetting the feelgood bounce generated by his election.The composite business morale index dropped to 106 by July and slipped further to 105 in August, statistics institute INSEE said on Thursday.Morale in the industrial sector, which is more closely followed by economists, edged up to 110 points this month, down from an 18-year high of 113.3 hit in January but beating a Reuters poll of economists that forecast 108 .
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